Wheat The old crop wheat market remained quiet last week. On the sell-side, the government’s allowed export quota seems to be practically committed and is preventing additional sales. The little volume available is in the hands of some of the ABCDs that will most likely end up selling it directly at destination (i.e., Brazil). The only offer available this week was 11.5 protein out of Bahia Blanca at $385/MT, but that price has not elicited any reaction from the market. The wheat supply and demand situation in Argentina is very tight and local mills are finding it hard to get wheat. Obtaining high quality wheat is even more difficult, and therefore WPI does not expect any increase in the old crop wheat export quota. As...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.